THNPY - Technip Energies N.V. (THNPY) Q1 2025 Earnings Call Transcript
2025-04-30 15:37:06 ET
Technip Energies N.V. (THNPY)
Q1 2025 Earnings Conference Call
April 30, 2025 08:00 AM ET
Company Participants
Phil Lindsay - VP, IR
Arnaud Pieton - CEO
Bruno Vibert - CFO
Conference Call Participants
Sebastian Erskine - Redburn Atlantic
Bertrand Hodee - Kepler Cheuvreux
Guilherme Levy - Morgan Stanley
Victoria McCulloch - RBC
Jean-Luc Romain - CIC Market Solutions
Richard Dawson - Berenberg
Guillaume Delaby - Bernstein
Jamie Franklin - Jefferies
Daniel Thomson - BNP Paribas Exane
Presentation
Phil Lindsay
Thank you, Sabrina. Hello, and welcome to Technip Energies’ Financial Results for First Quarter of 2025. On the call today, our CEO, Arnaud Pieton, will discuss our Q1 performance and business highlights. This will be followed by our CFO, Bruno Vibert, who will share more details on our financials. Arnaud will then come back to conclude before opening for questions.
Before we start, I would urge you to take note of the forward-looking statements on Slide 3.
I will now pass the call over to Arnaud.
Arnaud Pieton
Thank you, Phil and welcome everyone to our first quarter earnings presentation. I will begin with the highlights of our strong performance. Technip Energies kicks off 2025 with significant year-over-year growth of plus 22% in revenues and plus 19% in EBITDA. This outstanding performance is reflective of the quality of order intake over the last two years and our team's relentless focus on execution.
We confirm 2025 group guidance, which I remind you, was provided five months ago in November 2024, with solid revenue growth and segment EBITDA margins unchanged.
Project delivery posted robust year-over-year growth, plus 34% in revenues and plus 28% in EBITDA. PD is long cycle and is our largest business segment. And since over the period, full year visibility has improved further, we raised 2025 guidance for this segment.
Revenues for our TPS, Technology Products & Services were slightly lower year-over-year by 5%, while EBITDA improved by plus 8% as we reached the tail end of some proprietary equipment deliveries.
Given the uncertainty surrounding policies and macroeconomic environment, we have widened the revenue range for our shorter-cycle segment, while confirming continued EBITDA margin expansion.
Commercially, the momentum remains solid with TPS posting a book-to-bill above 1.0., demonstrating our ability to capitalize on demand for our services and solution offerings and project delivery in April, winning a major contract in the U.S. for the world's largest blue ammonia plant. This prestigious award, combined with our active commercial pipeline, position us well for enhanced project delivery order intake in the coming quarters....
Technip Energies N.V. (THNPY) Q1 2025 Earnings Call Transcript